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25 Apr 2016
EUR/USD steady after US new home sales
EUR/USD remained little changed near session highs, following the release of disappointing March new home sales data for the US.
New home sales dropped 1.5% to 511,000 pace in March, missing by far expectations of a 1.0% increase. However, the dollar barely reacted to data, with EUR/USD clinging to pre-data levels. At time of writing, the pair was trading at 1.1258, up % on the day.
EUR/USD levels to consider
As for technical levels, next resistances line up at 1.1266 (Apr 25 high), 1.1308 (Apr 22 high) and 1.1334 (20-day SMA). On the flip side, supports could be found at 1.1214 (Apr 25 low), 1.1185 (50-day SMA) and 1.1144 (Mar 24 low).
New home sales dropped 1.5% to 511,000 pace in March, missing by far expectations of a 1.0% increase. However, the dollar barely reacted to data, with EUR/USD clinging to pre-data levels. At time of writing, the pair was trading at 1.1258, up % on the day.
EUR/USD levels to consider
As for technical levels, next resistances line up at 1.1266 (Apr 25 high), 1.1308 (Apr 22 high) and 1.1334 (20-day SMA). On the flip side, supports could be found at 1.1214 (Apr 25 low), 1.1185 (50-day SMA) and 1.1144 (Mar 24 low).